YHB Investment Advisors Inc. cut its stake in Veralto Co. (NYSE:VLTO – Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,268 shares of the company’s stock after selling 1,164 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Veralto were worth $1,861,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of VLTO. State Street Corp raised its stake in Veralto by 9.8% in the third quarter. State Street Corp now owns 9,599,499 shares of the company’s stock worth $1,074,654,000 after buying an additional 860,608 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Veralto by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock worth $654,232,000 after acquiring an additional 558,393 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock valued at $400,928,000 after purchasing an additional 1,009,170 shares during the period. FMR LLC boosted its position in shares of Veralto by 5.1% during the third quarter. FMR LLC now owns 3,329,717 shares of the company’s stock valued at $372,462,000 after purchasing an additional 162,347 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Veralto by 0.4% during the third quarter. Janus Henderson Group PLC now owns 2,885,996 shares of the company’s stock worth $322,827,000 after acquiring an additional 11,430 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.
Veralto Stock Performance
NYSE VLTO opened at $103.25 on Tuesday. Veralto Co. has a fifty-two week low of $75.05 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The firm has a market capitalization of $25.54 billion, a P/E ratio of 31.87, a PEG ratio of 4.31 and a beta of 1.06. The stock has a 50-day simple moving average of $103.97 and a two-hundred day simple moving average of $106.16.
Veralto Increases Dividend
Wall Street Analyst Weigh In
VLTO has been the subject of several analyst reports. BMO Capital Markets raised their price target on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group initiated coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada boosted their price objective on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price objective on Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $113.18.
Check Out Our Latest Stock Report on VLTO
Insider Activity
In related news, SVP Surekha Trivedi sold 752 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares of the company’s stock, valued at approximately $1,071,601.83. This represents a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.
Veralto Company Profile
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.
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